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GFOA Newsletter
May 25, 2017
New Executive Board President, President-Elect, and Members Elected

Patrick J. McCoy, Director of Finance, Metropolitan Transportation Authority, New York, became GFOA’s new president at the association’s annual business meeting in Denver, Colorado, May 23, 2017. McCoy accepted the gavel from 2016−2017 President Marc Gonzales, Director, Department of Finance, Clackamas County, Oregon.

Also at the business meeting, the association’s members elected a new GFOA president-elect and five new members-at-large, who will each serve a three-year term beginning immediately.

Steven Gibson, Assistant City Manager, City of Rock Hill, South Carolina

Michael A. Bryant, Management & Budget Director, County of Mecklenburg, North Carolina
Veronica A. Carrillo, Fiscal Administrator, City of San Antonio, Texas
Debby Cherney, Deputy General Manager, Eastern Municipal Water District, California
Glen Jarbeau, Finance Manager, City of Spruce Grove, Alberta, Canada
Andrew J. Scott, Budget Director, City of Portland, Oregon

Read More.
Association News
Thank You! 

Thank you again to the attendees, sponsors, and exhibitors who participated in GFOA’s 111th Annual Conference in Denver, Colorado. To download this year’s presentation materials and to complete conference evaluations, go to GFOA’s website.

If you missed it onsite in Denver, click here to view a press conference led by Patrick J. McCoy, GFOA President and Director of Finance, Metropolitan Transportation Authority, New York. McCoy unveiled his initiative highlighting infrastructure financing during the May 23 press conference.

DON’T MISS! Save the date for GFOA’s 112th Annual Conference, May 6−9, 2018, at America’s Center Convention Complex in St. Louis, Missouri. Registration will open in the fall. Click here to access the submission form for this year’s call for topics. For more information on what St. Louis has to offer, go to Explore St. Louis.

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News Links
State Retiree Health Care Benefits in FY2015

State governments contributed $18 billion to their retiree health costs in FY2015, 42% of their annual required contributions, according to a new brief by the National Association of State Retirement Administrators and the Center for State and Local Government Excellence. The brief examines the finances of the health insurance benefit plans offered by state governments to retired employees in all 50 states, as part of an ongoing NASRA/SLGE series. Key findings include:

  • Nearly every state and most local governments provide access to health benefits to retired employees and, in most cases, this coverage includes spouses and dependents.
  • Thirty-one states hold approximately $41 billion in assets to pay for future retiree health benefit costs.
  • The median state retiree health unfunded actuarial accrued liabilities is approximately $2.7 billion, and the mean average is just over $12 billion.
  • Ten states—New Jersey, Texas, New York, California, Illinois, North Carolina, Connecticut, Pennsylvania, Florida, and Massachusetts—are responsible for $451 billion, or nearly 77%, of the aggregate state retiree health unfunded actuarial accrued liabilities.
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Study Finds Women Leaders Underrepresented in Local Government

After examining information on leadership in North Carolina’s 100 counties, Engaging Local Leaders found that just 21% of all local government leadership positions in the state are held by women, according to Route Fifty. At the same time, 60% of people who get MPA degrees at the University of North Carolina are women. The study was undertaken to illuminate the “unintentional consequences” of decisions that prevent women from entering these positions of power.

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Bus Innovations Improve Pollution and Traffic in Some Cities

Buses represent almost half of public transit trips in the United States and “are increasingly trumpeted as key to multi-modal transport and to urban sustainability,” according to the Atlantic’s City Lab. “Bus lines are cheaper to establish and more flexible than rail-based transit. But the ponderous, diesel-spewing machines don’t tend to get the same love as subways, trains, and streetcars.”

A potential compromise is the first driverless bus, recently introduced in Fort Washington, Maryland. Riders can summon the small, zero-emissions vehicles like an Uber, and they can answer questions about routes and nearby attractions. The technology isn’t fully developed yet, though. The bus travels six and 15 miles per hour and provides limited service in a controlled setting.

Another innovation is a 98-foot long double-articulated “bendy” bus, which has three sections and can carry 300 people and will be put to use next year in Rio de Janeiro, Brazil. It was made specifically for the city and will run a 14-mile route with 16 stations and 17 walkways serving some 820,000 passengers each day.

Other countries are also making greater use of fully electric, zero-emission buses. They cost about double the price of diesel buses, but fewer repairs and no oil changes are supposed to save money in the long run. Another option is a bus that runs on hydrogen fuel, being planned for London’s fleet next year.

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Editor: Marcy Boggs  |  Executive Director/CEO: Jeffrey Esser

The GFOA Newsletter (ISSN 1051-6964) is published weekly by
the Government Finance Officers Association of the United States and Canada.
Correspondence regarding editorial and/or business matters should be sent to
GFOA, 203 N. LaSalle St., Suite 2700, Chicago, IL 60601-1210. Phone - 312/977-9700 FAX - 312/977-4806.


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